Method and System for Least Cost Routing (lcr) of International Mobile Telephone Calls with an Integrated Money Transfer Facility

1. A method for least cost routing for mobile telephone calls between a country and a foreign country, comprising the steps of: pre-establishing a target area code in foreign country; and programming a SIM card with computer instructions for carrying out the steps of, recognizing that a call to a destination number is being initiated to said target area code, completing the call via Voice over IP (VoIP) over a data connection via Session Initiation Protocol (SIP); communicating SIP call control information to a local control center including called number, calling number, HLR and VLR information, said local control center carrying out the steps of; recognizing and authenticating said calling number and terminating and parking said call, formulating a call setup request to the called number in said foreign country, automatically determining the lowest cost routing option, transmitting said routing option to the SIM card application, initiating a new call to the destination number via the lowest cost routing option, terminating on the destination number, and merging the parked call with the call terminating on the destination number.

2. A platform for transferring money using the method of claim 1 , wherein funds are transferred to any one of an electronic wallet, a debit card, a bank account, or a physical location.